Chevron Corporation $CVX Shares Purchased by Spirepoint Private Client LLC

Spirepoint Private Client LLC raised its position in shares of Chevron Corporation (NYSE:CVX) by 10.0% in the third quarter, HoldingsChannel.com reports. The firm owned 64,392 shares of the oil and gas company’s stock after buying an additional 5,869 shares during the period. Chevron comprises about 1.1% of Spirepoint Private Client LLC’s investment portfolio, making the stock its 29th biggest holding. Spirepoint Private Client LLC’s holdings in Chevron were worth $9,999,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Vishria Bird Financial Group LLC grew its holdings in Chevron by 1.2% during the third quarter. Vishria Bird Financial Group LLC now owns 5,285 shares of the oil and gas company’s stock worth $821,000 after acquiring an additional 65 shares during the period. White Knight Strategic Wealth Advisors LLC boosted its position in shares of Chevron by 3.0% during the 2nd quarter. White Knight Strategic Wealth Advisors LLC now owns 2,230 shares of the oil and gas company’s stock valued at $319,000 after purchasing an additional 65 shares in the last quarter. Rakuten Securities Inc. boosted its position in shares of Chevron by 7.4% during the 2nd quarter. Rakuten Securities Inc. now owns 961 shares of the oil and gas company’s stock valued at $138,000 after purchasing an additional 66 shares in the last quarter. Analyst IMS Investment Management Services Ltd. grew its stake in shares of Chevron by 1.0% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 6,751 shares of the oil and gas company’s stock worth $966,000 after purchasing an additional 67 shares during the last quarter. Finally, M.E. Allison & CO. Inc. raised its holdings in shares of Chevron by 0.6% in the 3rd quarter. M.E. Allison & CO. Inc. now owns 11,204 shares of the oil and gas company’s stock worth $1,740,000 after purchasing an additional 67 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Raymond James Financial restated an “outperform” rating and issued a $160.00 price target (down previously from $170.00) on shares of Chevron in a research report on Friday, October 17th. Morgan Stanley raised their price objective on Chevron from $177.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. HSBC set a $169.00 target price on Chevron and gave the stock a “buy” rating in a research report on Monday, December 1st. UBS Group reiterated a “buy” rating on shares of Chevron in a research report on Monday, December 1st. Finally, Mizuho lifted their price target on Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Chevron currently has an average rating of “Hold” and an average target price of $166.90.

Insider Transactions at Chevron

In other Chevron news, Director John B. Hess sold 275,000 shares of Chevron stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the sale, the director owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. This trade represents a 19.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Chevron Stock Down 4.3%

NYSE:CVX opened at $156.82 on Wednesday. The business’s fifty day moving average price is $152.10 and its 200 day moving average price is $153.26. The firm has a market capitalization of $315.77 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 10.26 and a beta of 0.70. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $168.96.

Chevron (NYSE:CVX) last released its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.14. The company had revenue of $48.17 billion for the quarter, compared to analysts’ expectations of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.48 EPS. On average, sell-side analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were paid a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.4%. The ex-dividend date was Tuesday, November 18th. Chevron’s dividend payout ratio is currently 96.20%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is the only major U.S. oil company still operating in Venezuela and has been exporting barrels to the U.S., giving it a practical first‑mover advantage if Venezuela production is rebuilt quickly. Venezuela’s oil deliveries to Asia at standstill, Chevron’s exports flowing -shipping data
• Positive Sentiment: Bank of America Securities reiterated a Buy on CVX, signaling institutional support that could limit downside if the Venezuela story progresses. Chevron (CVX) Gets a Buy from Bank of America Securities
• Neutral Sentiment: Market commentary frames Venezuela as a multi‑year reconstruction opportunity (huge capex needed). That supports a bullish thesis but implies long timelines before material EPS upside. The Caracas Catalyst: Big Oil’s $100 Billion Opportunity
• Neutral Sentiment: Chevron trimmed or sold some Angolan offshore stakes (Shell deal), a deal that shifts asset mix but is not immediate operational news for the Venezuela-driven move. Shell buys stakes in Angolan offshore blocks from Chevron
• Negative Sentiment: Profit‑taking and a “reality check” on Venezuela’s huge rebuild needs are driving the pullback: analysts and reporters warn operations, legal and logistics hurdles mean upside may be slower and riskier than initial headlines implied. Chevron’s stock falls as the market gets a reality check on Venezuela
• Negative Sentiment: Multiple stories flag that some buyers — notably in Asia/China — have paused loadings, and shipping data shows deliveries to Asia are disrupted; that raises near‑term demand and cash‑flow uncertainty for Venezuelan barrels. Chevron continues to ship Venezuelan oil, but loading on hold for Chinese buyers, shipping data shows
• Negative Sentiment: Analysts and columnists caution the Venezuela catalyst could be a “trap” — upside priced in quickly; long timelines, infrastructure damage and legal/regulatory complexity could trigger further pullbacks. This explains today’s slide that reversed earlier gains. Is Venezuelan Catalyst A Trap For Chevron Stock?

Chevron Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.